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in this room. what is important is what you have on the table would make ronald reagan look like a piker. he knows how hard it was, with some very good people. [laughter] the point is, in the fiscal cliff, you will not get any of this done. joe lieberman outlined the potential of approach. some cutting, some modest revenue. then you move back to regular order, which trent lott was talking about last year. then you need a mechanism to enforce the discipline. my worry is, you read the washington post report and, frankly, the people doing the negotiations on both sides do not know the basics. starting with the fact that you need one piece of paper, not competing pieces of paper. i would be worried about -- if these people just talked to each other as opposed to negotiating and pontificating on their positions, the president will be very tempted to let the tax cuts expire, it is not sustainable because of the alternative minimum tax and other things. that is a gutsy, given the state of the economy, and people need to be prepared for it. >> let's talk about the rest of the world. we want to ask t
is the payback from party leaders? guest: there is change and then there is change. tip o'neill and ronald reagan got together and saved the program. sometimes you need to adjust to change the thing you care most about. tip o'neill did not sell off the democratic party by embracing that. if we do it in a responsible way that doesn't gut the program, i think the base of the party will understand. the alternative is doing nothing with bad damage to the economy, or the right wing of the republicans coming in and taking over and their answer to the solution would be much more draconian. host: jack in kentucky. caller: i have one question. can you guarantee -- guest: i thought you're going to ask why indiana university and kentucky and not playing basketball this year. for the first time they are now playing and we are rivals. i cannot talk about classified information on tv. things like stinger missiles are very problematic and we do everything we can to keep track of them. muammar gaddafi stockpiles of weapons, surface- to-air missiles and we're doing everything to track those down and secure them.
Search Results 0 to 1 of about 2